On April 26, 2023, the U.S. House of Representatives passed H.R. 2811, the Limit, Save, Grow Act of 2023 by a 217-215 vote. The bill is a one-time suspension of the debt ceiling through either March 31, 2024 or through a $1.5 trillion increase from the current ceiling, whichever comes first. The debt ceiling is a mandated constraint on the amount of money the U.S. Treasury may borrow to fund federal operations. The U.S. government has never defaulted on its debt and such an occurrence would have profound implications to the economy. The bill will now head to the U.S. Senate for consideration. The...